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Hispanic-owned small businesses are a vital component of Chicago's economic landscape, contributing significantly to the city's diversity and entrepreneurial spirit. As of 2025, these enterprises continue to demonstrate resilience and growth, despite facing unique challenges.

Economic Contributions and Growth
Hispanic-owned businesses in Chicago have shown remarkable growth over the past few years. Between 2017 and 2022, Latino or Hispanic-owned businesses grew in 204 of 227 U.S. metro areas, w

In 2025, Hispanic entrepreneurship continues to be one of the fastest-growing forces in the American economy. Hispanic-owned businesses are reshaping industries, generating employment, and driving innovation across the country — but also navigating unique challenges along the way.

The Growth Story
As of 2025, there are over 5 million Hispanic-owned businesses in the U.S., contributing more than $800 billion to the American economy annually. The number of Latino-owned employer businesses grew by

My old mentor used to say, “Not every entrepreneur is cut out for success, and not every failure is a lost cause.” The entrepreneurial journey isn’t just about having a groundbreaking idea or a foolproof business plan. It’s about the habits we cultivate, the mindset we possess, and how we navigate through the unpredictability of the business world. Remember: success isn’t always about doing more. Sometimes, it’s about doing it right. READ MORE AT PERSONAL BRANDING BLOG

A decade of research into Latino entrepreneurs paints a picture of an innovative and resilient group of business owners who are a key driver of the U.S. economy.

“Latino entrepreneurs are an important contributor to the growth of the U.S. entrepreneurial ecosystem,” says George Foster, a professor of management at Stanford Graduate School of Business and faculty director of the Stanford Latino Entrepreneurship Initiative, which has just published the 10th annual State of Latino Entrepreneurship

Latino-owned small and medium businesses (SMBs) are growing rapidly, according to a new McKinsey & Co. report. Latinos start more businesses per capita than any other U.S. racial or ethnic group. In 2023, they created 36% of new businesses in the states—nearly double their representation in the overall population. According to the U.S. Census Bureau,

Still, Latino-owned SMBs comprise only 7% of total small-business firms with employees, and 17% of non-employer firms (which have no employees and

Starting a new business is like embarking on a thrilling adventure—filled with opportunities, challenges, and the promise of success. But the path to entrepreneurial triumph is not always clear, and taking the wrong steps early on can derail even the most promising ventures. That’s why it’s crucial to have a solid foundation before you dive in. We’ve tapped into the expertise of top CEOs and founders who have been through the highs and lows of starting a business, and they’ve shared their inval

Only 3% of Latino businesses in the United States have reached and surpassed the $1 million mark. Hispanic entrepreneurs who've achieved that milestone share tips on how they beat the odds. Latinos make up the fastest-growing segment of entrepreneurs, creating new businesses at multiples the rate of other groups.

But of the 4.65 million Latino-owned businesses in the United States, only 3% have hit $1 million or more in revenue. A major barrier is the lack of access to the capital they need to

What cities are the best for Hispanic-owned businesses? Florida dominates. Out of top 20 cities, Florida cities took up 11 of the spots, including the first seven slots. See the top 20 cities for Hispanic entrepreneurs. READ MORE AT TC PALM

Florida is a melting pot of cultures and for many it is an opportunity to seek a better life. It is no secret that the Hispanic and Latino community’s contributions to the U.S. economy have been nothing short of impactful. In fact, a 2022 study found that U.S. Latino economic output would rank 5th in the world's gross domestic product if U.S. Latinos were an independent country. READ MORE AT NBC 6 SOUTH FLORIDA

Comcast RISE to Award $1 Million in Grants to Small Businesses Owned by Women and People of Color in Cook County

Eligible businesses can apply October 3-16 for a $10,000 grant; 100 recipients will be selected

CHICAGO (September 14, 2022) – Comcast today announced it will award $10,000 grants to 100 small businesses owned by women and people of color in Cook County through its Comcast RISE Investment Fund. Cook County is one of five locations selected for this new round of the grants program.

Latinos are an economic engine for the US. They are the fastest growing minority: by 2030, 1 in 5 workers will be Latino. And they have the highest rate of entrepreneurship of any race: their businesses have grown by 12.5 percent over the past five years, compared to 5.3 percent for White-owned businesses. READ MORE AT MCKINSEY & COMPANY

The beginning of the year marks the beginning of a journey toward improvement and trying new things. These 10 Latina-owned shops showcase different products that’ll make the start of 2020 make you feel like a diosa who got it together.

The Latinx community has a $1.7 trillion buying power in the U.S. and here’s an opportunity to support Latina-owned businesses while treating yo’self! READ MORE AT HIPLATINA

Forty-two percent (42%) of American adults either have owned a small business or want to do so.

A Job Creators Network/ScottRasmussen.com national survey found that 22% have already run their own business and another 20% would like to do so in the future.

Black and Hispanic Americans who have never run their own business are more interested in trying it than white Americans. READ MORE AT NEWSMAX

If you are a Hispanic and planning to put up a business in U.S, then this article will help you as to what state in U.S. is the best place for Hispanic entrepreneurs. If you are living in Laredo, Texas, your business has a big chance to prosper and grow!

In an article published in INC, the Southern Texas City which in the North Bank of Rio Grande has a population of more or less 260,000 and the place is known as a prominent hub for Hispanic entrepreneurs. READ MORE AT LATIN POST